Member Info for notrader

YC - "I am just noting that new crest have used JPM"

Sandgrounded, who started this thread, was speculating about possible connections between JPM and GGP. How are your links of any relevance to this, particularly when, as I think another poster mentioned, it is likely that JPM would be involved in some way with every one of the top 100 companies in Oz.

Elephants in the room? There's at least one Dumbo.

I understand this is your usual posting group. Why spam the GGP group with an irrelevant and unwanted link?

Tymers I think your simple maths is simply wrong.

Magnum - If the company who issued the shares is registered in the UK, as GGP is, then 3% is the threshold, regardless of where the shareholder comes from. The 5% relates to companies registered outside the UK but with a listing here.

But Tymers - you think they're worth a lot more than that: "Incorrect. 175 million will Value GGP at 3.5 Billion. Simple maths peeps"

We should reserve the time from 16.45 - 17.15 each day for posters to whinge about the SP.

Droverman - the theory that NCM were buyinh GGP shares is not new. Last Feb Hydro posted "IMO NCM are taking an initial 10-20% stake in the company."

5eightsaccount - "I think Newcrest have been accumulating shares since last year and through various means, third party entities, dark pools, sundry accounts, off balance sheet entries etc."

There's a name for this kind of activity: 'illegal' Please provide your evidence that this is happening, and why NCM would want to do it secretly to their JV partner.

Quitefrankly - there are a variety of types of what we might call Institutional Investors, from investment banks to asset managers, fund managers and commercial banks. Each entity will have its own 'rules' and guidelines regarding their investment strategies, some of which will exclude what they consider 'high risk' including AIM or small cap.

However, GGP are moving fairly quickly to change our risk profile, and the monetisation of the 5% is a step in that process. A healthy cash reserve will open routes to other funding sources, and major de-risking will come from the FS and decision to mine. The process will, I believe, not be immediate but will gather momentum to become unstoppable. I would like to see a move to the main index, but don't see that happening for at least a year. I am one who is not hoping for a takeover - I'd like to see us retain the 25% of Hav and use the cashflow to develop our other prospects, with or without partners.

Anyone read Lord of the Flies?

Dillon - same as me. Had to become member to continue to access discussion boards.

MJ - you forgot to include 'IMO'. And your opinion counts for very little. As you yourself said " I have no industry experience or otherwise."

Dip - I think it unclear whether the sale of the 25% would be subject to s/h approval. It would certainly represent over 10% of assets in a class test. However, AIM Rule 12 states that "A substantial transaction is one which exceeds 10% in any of the class tests ........ but excludes any transactions of a revenue nature in the ordinary course of business... "

The sale of such an asset might be considered in the ordinary course of business for a mining development and exploration company such as GGP. It probably needs a corporate lawyer to provide a definitive opinion.

Sandgrounded - "has the Havieron joint venture been put into a separate company as yet?" The JV agreement is between the 2 companies. There would be no reason to form a new entity to hold the asset.

MumboJumbo - you seem happy to bandy about lowball figures for the 5%. What you haven't done is provide any rationale as to how you consider those figures to be likely, or even possible. When posters have responded to your request for their estimates, you have no problem criticising them and their assumptions. Your whole strategy seems to be to suggest that the 5% FMV figure will be significantly less than expected, and this will lead to a major decrease in the SP. You have provided no reasoning to support this, and you admit that you don't have enough knowledge of the company or the industry to have an opinion worth paying attention to.

Walkabout - "anyone able to explain?"

No

Tymers - is that 'simple structure' like your 'simple maths' regarding the 5% payment: "Incorrect. 175 million will Value GGP at 3.5 Billion. Simple maths peeps"

Tymers - it is better to stay quiet and be thought a fool rather than post something that proves it. Particularly when you are so condescending to others.

Phelps - you don't half come out with some rubbish! "I expect it to be protracted" Newcrest have already brought it forward 11 months ahead of the JV schedule. And you obviously don't understand what FMV means.